The only logical is to keep the absolute minimum amount of funds in fiat, when there is no active selling of BTC to customers there is no point in holding any substancial amount of funds in fiat, just the amount needed for paying servers and such until contracts ends or maby even prepay that and have that fixed. Just keep the majority of funds in BTC as the btcQuick shares values surely outweighs any possible valid CC chargeback claims and we also have the fact that btcprice is relatively low now compared to the recent high of over 1000 usd/coin and most people think btc price will rise over the next 6-12 months time.
Is/will there even (be) a single chageback that has a valid claim, highly doubtful, if there is any claims more than likely the majority will be frauds.
Anyway Ascention said he would issue an memo this week, there will probably be more info there.
btcQuick is not operating and it has been decided that the company will be dissolved and the remaining funds will be returned to the investors.
We decided that this would be the best option in light of our new merchant account being a complete joke, ACH payments are extremely fraud prone, U.S. regulation ,and our bank account has been put on hold. Due to the Credit card and ACH chargeback windows we will have to wait 6-12 months before we can return the funds back to the investors.
I will issue an official memo in the coming week along with a current assets report/listing.
Thank you for your support,
Ascension